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Friday, March 24, 2023

Vestre ordered Statkraft to change bonus arrangements – Dagsavisen

– I understand very well that there is a reaction to the fact that Statkraft, as a company that manages common Norwegian power resources and is wholly owned by the Norwegian people, has offered schemes to parts of its employees, who for the record are not “executive employees”, on the very high levels that the company’s annual report indicates, writes Industry Minister Jan Christian Vestre (Ap) in a written answer to Storting representative Lars Haltbrekken (SV).

The reason for the answer is that Statkraft increased bonus payments last year by more than 1 billion to around 2.2 billion in total, writes Today’s business.

Vestre points out that the company itself has stated that the bonuses of some of the company’s employees have been at “unmusical levels”

– The board has made significant tightening and restrictions in the schemes. Although the bonuses in general appear to be high, I understand that the board’s assessment is that the conditions are now at a market level, and that the company is dependent on competitive conditions in this part of the business as well, the minister writes further.

He encourages the company to show a great degree of transparency around its incentive schemes.

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